TAC Infosec IPO will open for subscription from 27 March 2024. The company aims for an issue size of ₹29.99 Cr through this IPO.
Company Overview
| Full name | TAC Infosec Limited |
| Sector | Other |
| Industry | Business Support |
| Company Website | https://tacsecurity.com/ |
About Company
TAC Infosec specializes in offering risk-based vulnerability management and assessment solutions, as well as cybersecurity quantification and penetration testing services to organizations of all sizes and scopes through a ‘SaaS model’. The company provides security software products and solutions both domestically in India and internationally.
The company’s end customers include banks and financial institutions, government regulatory bodies and departments, and large-scale enterprises such as HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited, and NSDL e-Governance.
Its flagship software product is ESOF (Enterprise Security in One Framework), which was launched in 2018. As of 30 September 2023, TAC Infosec had 56 employees, out of which 33 were part of its Operational and Product Development team.
The Objectives of the Issue
- Acquisition of TAC Security Inc (Delaware, USA) and making it a Wholly Owned Subsidiary thereon,
- Investment in Human resources and Product Development, and
- General Corporate Purposes.
TAC Infosec IPO Timetable
| IPO Opening date | 27 March 2024 |
| IPO Closing | 02 April 2024 |
| Basis of Allotment | 03 April 2024 |
| Initiation Refund | 04 April 2024 |
| Credit to Demat Account | 04 April 2024 |
| Listing Date | 05 April 2024 |
TAC Infosec IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹29.99 Cr – 2,829,600 shares |
| Fresh Issue | ₹29.99 Cr – 2,829,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹100 to ₹106 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 141,600 shares |
| Shareholding pre-issue | 7,650,000 |
| Shareholding post-issue | 10,479,600 |
| Listing Exchange | NSE SME |
TAC Infosec IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹127,200 |
| Retail (Max) | 1 | 1200 | ₹127,200 |
| HNI (Min) | 2 | 2,400 | ₹254,400 |
TAC Infosec IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
TAC Infosec Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 5.04 | 5.11 | 10.00 | 5.02 |
| Expenses | 4.32 | 4.38 | 5.05 | 3.29 |
| Net income | 0.61 | 0.61 | 5.07 | 1.95 |
TAC Infosec Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.80 | 0.79 | 6.63 |
| PE ratio | – | – | 15.08 – 15.99 |
| RONW (%) | 30.56 | 23.30 | 66.05 |
| NAV | 2.61 | 3.41 | 10.04 |
| ROCE (%) | 47.38 | 33.23 | 89.82 |
| EBITDA (%) | 15.56 | 19.97 | 52.82 |
| Debt/Equity | 0.11 | 0.34 | 0.05 |
Company Promoters
- Mr. Trishneet Arora
- Mr. Charanjit Singh.
Promoter Holding
| Pre Issue Share Holding | 78% |
| Post Issue Share Holding | 56.94% |
TAC Infosec IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: +91 79 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
TAC Infosec Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
TAC Infosec Contact Details
TAC INFOSEC LIMITED
91 Springboard, Kagalwala House, 01st Floor,
C Block, 175, CST Road, Kalina, Santacruz East,
Mumbai, Maharashtra, India, 400098
Phone: +91 9988850821
E-mail: company.secretary@tacsecurity.com
Website: www.tacsecurity.com
TAC Infosec IPO Allotment Status
TAC Infosec IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
TAC Infosec IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
